Efektivitas Corporate Governance dan Fraudulent Financial Reporting
Abstract
This study aims to examine the role of corporate governance on fraudulent financial reporting. Research with the variables used is rarely studied, especially regarding the skills of the board of commissioners, the number of meetings and the role of women. The research sample is 469 manufacturing companies. Tests were carried out using logistic regression using the SPSS application which tested corporate governance variables represented through the role of the board of commissioners from the point of view of size, independence, expertise, meet, gender diversity towards fraudulent financial reporting. The results of the study show that the board of commissioners (size) and the board of commissioners (gender diversity) have a negative effect on fraudulent financial reporting. Another independence variable, namely the board of commissioners (independence, expertise, meet) is not proven to have an effect on fraudulent financial reporting.
Keywords: The Board of Commissioner (Size, Independensi, Expertise, Meet, Gender); Fraudulent Financial Reporting
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References
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Wicaksono, G. S., & Chariri, A. (2015). Mekanisme Corporate Governance Dan Kemungkinan Kecurangan Dalam Pelaporan Keuangan. Diponegoro Journal of Accounting, 4(4), 552–563.
Al Azeez, H. A. R., Sukoharsono, E. G., Roekhudin, & Andayani, W. (2019). The impact of board characteristics on earnings management in the international Oil and Gas Corporations. Academy of Accounting and Financial Studies Journal, 23(1), 1–26.
Almaqtari, F. A., Hashed, A. A., Shamim, M., & Al-Ahdal, W. M. (2020). Impact of corporate governance mechanisms on financial reporting quality: A study of indian gaap and indian accounting standards. Problems and Perspectives in Management, 18(4), 0–14. https://doi.org/10.21511/ppm.18(4).2020.01
Amah, K. O., & Ekwe, M. C. (2021). Effect of Corporate Governance Structure and Financial Reporting Quality of Quoted Pharmaceutical Companies in Nigeria. Management Dynamics in the Knowledge Economy, 9(2), 225–239. https://doi.org/10.2478/mdke-2021-0016
Anastasia Chi-Chi (PhD), O., & Oghenefegha Friday, I. (2016). Corporate Governance and Financial Reporting Quality in Selected Nigerian Company. Corporate Governance and Financial Reporting Quality in Selected Nigerian Company, 2(3), 7–16. https://doi.org/10.18775/ijmsba.1849-5664-5419.2014.23.1001
Beneish, M. D. (1999). The Detection of Earnings Manipulation. Financial Analysts Journal, 55(5), 24–36. https://doi.org/10.2469/faj.v55.n5.2296
Boulouta, I. (2013). Hidden Connections: The Link Between Board Gender Diversity and Corporate Social Performance. Journal of Business Ethics, 113(2), 185–197. https://doi.org/10.1007/s10551-012-1293-7
Cahyani, D. R. (2020). Akuntan Bandingkan Kasus Jiwasraya dan Garuda Indonesia. https://bisnis.tempo.co/read/1294680/akuntan-bandingkan-kasus-jiwasraya-dan-garuda-indonesia
Dewi, S. N. (2019). Pengaruh Mekanisme Corporate Governance Terhadap Kemungkinan Terjadinya Fraud (Studi Empiris Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia). BENEFIT Jurnal Manajemen Dan Bisnis, 4(2), 179–188.
Ferdinand, R. (2018). Factors that Influence Fraudulent Financial Statements in Retail Companies - Indonesia Abstrak. JAAF (Journal of Applied Accounting Finance), 2(2), 99–109.
IAI. (2018). SAK Standar Akuntansi Keuangan (Dewan Standar Akuntansi Keuangan Ikatan Akuntansi Indonesia (ed.)).
Khotimah, H. (2021). Kasus Enron Corporation, Etika Profesi Akuntansi Dan Stabilitas Ekonomi. http://lppm.unpam.ac.id/2021/11/02/kasus-enron-corporation-etika-profesi-akuntansi-dan-stabilitas-ekonomi/
Martins, O. S., & Júnior, R. V. (2020). The influence of corporate governance on the mitigation of fraudulent financial reporting. Revista Brasileira de Gestao de Negocios, 22(1), 65–84. https://doi.org/10.7819/rbgn.v22i1.4039
Marzuki, M. M., Haji-Abdullah, N. M., Othman, R., Wahab, E. A. A., & Harymawan, I. (2019). Audit committee characteristics, board diversity, and fraudulent financial reporting in Malaysia. Asian Academy of Management Journal, 24(2), 143–167. https://doi.org/10.21315/aamj2019.24.2.7
OJK. (2017). Penerapan Tata Kelola Perusahaan Efek Yang Melakukan Kegiatan Usaha Sebagai Penjamin Emisi Efek Dan Perantara Pedagang Efek (Nomor 57/POJK.04/2017).
Rahman, R. A., & Anwar, I. S. K. (2014). Types of Fraud among Islamic Banks in Malaysia. International Journal of Trade, Economics and Finance, 5(2), 176–179. https://doi.org/10.7763/ijtef.2014.v5.365
Rajeevan, S., & Ajward, R. (2019). Board characteristics and earnings management in Sri Lanka. Journal of Asian Business and Economic Studies, 27(1), 2–18. https://doi.org/10.1108/jabes-03-2019-0027
Razali, W. A. A. W. M., & Arshad, R. (2014). Disclosure of Corporate Governance Structure and the Likelihood of Fraudulent Financial Reporting. Procedia - Social and Behavioral Sciences, 145, 243–253. https://doi.org/10.1016/j.sbspro.2014.06.032
Sugama, D. (2021). Analisis Kasus Audit Worldcom. https://danielstephanus.wordpress.com/2021/04/12/analisis-kasus-audit-worldcom/
Sun, J., Kent, P., Qi, B., & Wang, J. (2019). Chief financial officer demographic characteristics and fraudulent financial reporting in China. Accounting and Finance, 59(4), 2705–2734. https://doi.org/10.1111/acfi.12286
Victor, O., & Edwin, O. A. (2019). Board Financial Expertise and Financial Reporting Quality : a Comparative Study of Nigerian and Malaysian Banks. Indian Journal of Applied Research, 9(5), 6–12.
Wells, J. T. (n.d.). Principles of fraud examination. (3 edition). Wiley & Sons, Inc.
Wicaksono, G. S., & Chariri, A. (2015). Mekanisme Corporate Governance Dan Kemungkinan Kecurangan Dalam Pelaporan Keuangan. Diponegoro Journal of Accounting, 4(4), 552–563.
Published
2023-05-26
How to Cite
KUSUMAWARDANI, Media et al.
Efektivitas Corporate Governance dan Fraudulent Financial Reporting.
E-Jurnal Akuntansi, [S.l.], v. 33, n. 5, p. 1301-1314, may 2023.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/94315>. Date accessed: 21 nov. 2024.
doi: https://doi.org/10.24843/EJA.2023.v33.i05.p11.
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